TelePharm raises $2.5M from John Pappajohn, Bruce Rastetter

Iowa City-based startup TelePharm received an investment of $2.5 million from noted Iowa entrepreneur John Pappajohn and state Board of Regents President Bruce Rastetter, the Des Moines Register reported Friday. “These are probably the two best investors I could have gotten in Iowa,” founder Roby Miller told the Register. “As I’m growing as an entrepreneur, this will make me a better business owner. To have these mentors, it’s been pretty cool.” TelePharm provides telepharmacy services to rural areas that may not be able to otherwise sustain a fully operating storefront and full-time pharmacist, currently serving eight pharmacies across Iowa, Illinois and Texas. — Source: Des Moines Register